90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Connecticut
PPCILB5T17CT09000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.40
Year-over-Year Change
-7.32%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the lower bound of the 90% confidence interval for the estimated percentage of related children aged 5-17 living in families in poverty in Connecticut. It provides a statistical estimate of poverty levels among this population group.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The lower bound of the 90% confidence interval represents the lowest possible value within the range where the true percentage is likely to fall, based on survey data. This metric is used to assess economic hardship and guide policy decisions targeting child and family poverty.
Methodology
The data is calculated from the U.S. Census Bureau's American Community Survey.
Historical Context
This poverty statistic informs policymakers and analysts about the economic wellbeing of Connecticut families.
Key Facts
- The lower bound was 8.9% in 2021.
- This indicates at least 8.9% of related children in Connecticut were in poverty that year.
- The poverty rate for this group has declined from over 10% in the late 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated percentage of related children aged 5-17 living in families in poverty in Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This poverty statistic informs policymakers and analysts about the economic wellbeing of Connecticut families, which is important for guiding policies and programs aimed at reducing child and family poverty.
Q: How is this data collected or calculated?
A: The data is calculated from the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This poverty metric is used by policymakers and economists to assess economic hardship and guide decisions targeting child and family poverty in Connecticut.
Q: Are there update delays or limitations?
A: The data is subject to the limitations of the American Community Survey, including potential sampling and nonresponse errors.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Connecticut (PPCILB5T17CT09000A156NCEN), retrieved from FRED.